Port Equipment Market By Equipment Type (Cranes, Forklift Trucks, Reach Stackers, Terminal Tractors, Others), By Fuel Type (Diesel, Electric, Hybrid), By Lifting Capacity (Up to 20 Tons, 20 to 40 Tons, Above 40 Tons), By Application (Ship Handling, Container Handling): Global Opportunity Analysis and Industry Forecast, 2021-2031
The report incorporates the study of the global port equipment market as it is enabling the port operators for easier and convenient control of cargo containers thereby strengthening the sales of port equipment market. Various ports around the world are preparing to embrace the unmanned types of port equipment. Toyota Material Handling, Cargotec Corporation, Liebherr Group among others are one of the largest port equipment manufacturers having presence over the globe. These companies having a solid track record, effectively building the port equipment’s like forklift and cranes. One such product in the company portfolio is electrified straddle carriers, which are already in operation at the Port of Barcelona in Spain and Durban Port in South Africa. Shanghai Zhenhua Heavy Industries (China) received assistance from the Editron division of Danfoss (Denmark) for developing electric straddle carriers using hybrid systems.
Factors such as rising operation in seaborne trading, increase in usage of electric port equipment to minimize the carbon consumption, and growing demand for cargo transportation supporting the adoption of port equipment solutions. Moreover, the factors such as huge investments and maintenance cost, and shortage of port labors are restraining the growth of port equipment market. Furthermore, the factors like development of new port projects, and rising trend of automation in marine transportation to create an immense opportunity for port equipment key players operating in the market.
The global port equipment market is segmented on the basis of equipment type, fuel type, lifting capacity, application, and region. By equipment type, it is divided into cranes, forklift trucks, reach stackers, terminal tractors, and others. By fuel type, it is classified into diesel, electric, and hybrid. By lifting capacity, it is classified into up to 20 Tons, 20 to 40 Tons, and above 40 Tons. Based on the application the global port equipment market is segmented into ship handling and container handling. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Diesel type of fuel demonstrates several benefits such as enhanced fuel economy, low taxes, greater torque, and lower maintenance. Thus, several benefits related to diesel fuel increase the growth of the worldwide market. The forklifts, cranes running on diesel type of fuel deflate at a slower rate. Moreover, the diesel type of fuel does not need to burn the coal, which helps to save money.
Furthermore, this fuel radiates less carbon monoxide to the environment, which makes it idyllic for use, thus improving the sales around the world. Though, the growth in characteristics like noise pollution hinders the sales for diesel fuel over the globe. The diesel fuel is much nosier than petrol engines and has greater viscosity, which makes diesel fuel messier and cruder. Growth drivers, restraints, and opportunities are explained in the study to better understand the market dynamics. This study further highlights key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. The study features strategies adopted by key market players to maintain their foothold in the market.
However, the factors such as low-emission vehicles, high-performance, increase in demand for fuel-efficient, and strict rules & regulations of government toward emission of vehicle along with the cost reduction of electric batteries and rising costs of fuel to supplement the growth of the electric segment in port equipment market. Furthermore, the factors like range anxiety and serviceability, high manufacturing cost and lack of charging infrastructure are the reasons likely to hamper growth of the market. Factors like proactive government initiatives, advancements in technology, and development of self-driving electric port equipment is likely to create plenty opportunities for the companies operating in the electric segment of port equipment market.
Companies have adopted product development and product launch as their key development strategies in the port equipment market. The key players operating in this market are Anhui Heli Co., Ltd., Cargotec Corporation, Gaussin S.A., Konecranes, Liebherr Group, Lonking Machinery Co., Ltd., Mitsubishi Logisnext Co., Ltd., Sany Heavy Industry Co., Ltd., Shanghai Zhenhua Heavy Industries (ZPMC), and Toyota Material Handling.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the port equipment market analysis from 2021 to 2031 to identify the prevailing port equipment market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the port equipment market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global port equipment market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Fuel Type
Diesel
Electric
Hybrid
By Equipment Type
Others
Cranes
Forklift Trucks
Reach Stackers
Terminal Tractors
By Lifting Capacity
Up to 20 Tons
20 to 40 Tons
Above 40 Tons
By Application
Ship Handling
Container Handling
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
gaussin group
Mitsubishi Logisnext Co., Ltd.
Toyota Material Handling
konecranes
Sany Heavy Industry Co Ltd (SHI)
lonking holdings limited.
Cargotec Corporation
liebherr group
zpmc
Anhui Heli Co., Ltd.
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